Unmined Reserves of Rare Earth Metals to Continue to Present New Opportunity for Growth, reports TMR

The global rare earth metals market is highly concentrated and marked by the presence of a large number of manufacturers. The top six players accounted for 68.5% of the total market in 2012. Molycorp, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co., Lynas Corporation Limited, Great Western Mineral Group, China Rare Earth Holdings, and Indian Rare Earths Limited are the leading manufacturers in the global rare earth metals market. In order to expand their revenue base in other geographies and product segments, companies are opting for mergers and acquisitions and joint ventures to develop a strong distribution network around the world. Players are also striving to develop cost effective technology, Transparency Market Research (TMR) finds in a new study.

The growing demand for these metals and their premium price are luring new players in the market.The threat of substitutes will be medium in the coming years. The export restrictions from China has created a demand supply gap, which has led consumers to look for other alternatives. Some companies have started focusing on R&D in order to develop new substitutes. A case in point would be General Electric. The company has invested on R&D for engineering nanocomposites to reduce dependency on neodymium for the production of magnets. Thus, the threat of substitutes is expected to rise from low to medium in the coming years.

Growth in Permanent Magnet Industry to Boost Demand for Rare Earth Metals

The growth in the permanent magnet industry is expected to drive the demand for rare earth metals. The developing application markets in China and Japan such as consumer electronic, standard automotive, electric bicycle, and air conditioning have triggered the growth of the permanent magnet industry. This in turn has fueled the demand for rare earth metals. Rare earth metal catalysts are used in automobiles, glass, phosphors, and metallurgical industries, thus boosting the market.

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Rapid developments in end user industries in China have triggered the demand for rare earth metals. The growth of the market is also due to the swift economic growth in China. The phosphors application market is responsible for the high demand of rare earth metals such as terbium, europium and yttrium. Phosphors application areas which make use of these metals include florescent lamps, CRT displays, and LCD screens.

Environmental Concerns Restrict Export of Rare Earth Metals

The mining, refining, and recycling of rare earth metals have serious environmental consequences. Poisonous chemical and radioactive materials are released into the environment during the refining process. Such concerns such have caused the Chinese government to restrict the exportation of these metals.

Another challenge faced by the market is the depleting reserves of these metals. 97% of the rare earth metals are supplied by China. This is leading to an over exploitation of existing reserves as the demand for these metals rise from wind turbines and electric vehicles industry. Another factor hampering the growth of the market is the high capital investment required for the extraction of these metals.

Exploration of Untapped Reserves to Hold Opportunities of Growth

Although China supplies a major portion of rare earth metals, the reserves of these metals across other parts of the world remain unexplored. The unmined reserves will thus provide new growth opportunities in the market.

According to the report, the global market opportunity in rare earth metals is expected to rise from US$5,649.7 mn in 2015 to US$8,195.4 mn by 2018. By type, the cerium segment is expected to lead and account for 37.8% of the global market by 2018. On the basis of application, the magnets segment, followed by the metallurgy segment is expected to lead in the coming years. The magnets segment is anticipated to account for 22.9% of the global rare earth metals market. By geography, Asia Pacific not only held a major share in the past but is also expected to lead in the market in the future. Asia Pacific is expected to account for 81.3% of the total market.

Barite Extraction Activities Forecast to Rise Owing to High Demand from Nuclear Industry

The burgeoning oil, gas, and mineral exploration and drilling activities across the globe have substantially enhanced the demand for barite. Barite is an important mineral required for the completion of the drilling process. The unique specific gravity (sp gr) of barite enables characteristics such as combating high pressure scenarios and restricting the surplus flow of liquid. As a result of the rising demand from drilling industries, manufacturers of barite are focusing on providing end users with high quality drilling barite.

According to a report published by Transparency Market Research (TMR), the global barite market is expected to expand at a 5.8% CAGR from 2015 to 2023. In 2014, the market was valued at US$1.11 bn and is likely to witness stable growth by rising to a valuation of US$1.84 bn by the end of 2023. North America dominated the global barite market in 2014 with a share of over 40%. The growth of the barite market in North America can be attributed to the significant rise in the oil and gas exploration activities in the region. North America is anticipated to maintain a lead until 2023 followed closely by Asia Pacific and Europe.

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How is the application of barite expected to increase in future?

Barite has applications across various end-use industries. Specific features of barite such as insolubility in water and chemical inactivity qualify it as a potential mineral for the completion of manufacturing and drilling process. It is used as a weighting agent in the oil and gas industry due to its high specific gravity. Barite also has applications in the medical and commercial sectors owing to its use in the production of barium containing salts and compounds. It is a possible candidate for the preparation of barium meal, a diagnostic test used for the detection of anomalies of the esophagus and stomach.

To meet the mounting demand for barite from various end users, barite manufacturers are seeking opportunities for barite exploration in untapped regions. For instance, a leading drilling company in the U.K., M-I SWACO, recently started exploration and drilling activities in the Duntanlich orebody, the barite abundant region of the U.K. With the success of several drilling processes, the United Kingdom is expected to become self-sufficient in barite, which is a highly vital mineral for the oil and gas industry in the North Sea.

How are substitute minerals likely to impact the demand for barite?

Minerals such as ilmenite, hematite, celestite, iron ore, and itabirite are likely to restrain the growth of the global barite market over the next couple of years. These minerals have similar characteristics to barite and are more easily. As these minerals have a higher density in comparison to that of barite, they are being preferred as weighting agents by drilling companies. The increasing application of these minerals across several industries is likely to considerably hinder the demand for barite.

On which sector are manufacturers required to focus in order to extend the consumer base?

The ability of barite to absorb gamma rays enables its addition in concrete aggregate used in the construction of atomic reactors. Barite added concrete is also used as material to build shielding radiation and other nuclear devices, and is also used for medical purposes in which radiation therapy is involved. Thus, manufacturers of barite are likely to gain profitable opportunities from the rising application of barite in the nuclear and medical industries. In order to meet the demands arising from these industries, manufacturers are expanding their production units.

Gas Gensets Market Advanced technologies & growth opportunities in global Industry by 2024.

Gas gensets is a reciprocating internal combustion engine that is used across the globe for distributed power production. Gas gensets employ natural gas to power generators and produce electricity. Currently, the market for gensets is dominated by diesel gensets. Diesel is used to fuel the generators; however, many countries have laid several norms to regulate the high levels of harmful emissions from diesel powered gensets. This is expected to positively influence the global gas gensets market in the near future. Demand for gas gensets is driven by the widening electricity demand-supply gap, rising industrialization, low operational cost, and rising carbon emissions. Gas gensets are broadly used in various end-user segments such as pharmaceutical & health care industries, communication & transportation systems, landfill sites, and manufacturing & water treatment facilities as a back-up power source during grid failure or power outages. The gas gensets market is expected to expand at a healthy pace in the near future due to the rise in environmental concerns, increase in awareness about greenhouse gas emissions, and volatility in the oil & gas market.

The gas gensets market can be classified into two segments: application and geography. On the basis of application, the gas gensets market can be divided into standby power, primary power, and peak shaving. Many developed regions, where electricity outages are less frequent, use gas gensets for standby power. On the other hand, many developing regions where electricity demand is very high and power cuts are more common, gas gensets are used as the primary power supply, particularly in hospitals. Gas gensets also allow companies to lower expenses, as these may be deployed when the price of electricity is very high. Gensets can be configured easily to form multiple-unit power plants and the product range is suitable for a variety of business applications, regardless of location. The in-built heat-recovery process gives it competitive advantage over others, which eliminates the need for additional power required to drive the cooling system and thus increasing overall efficiency.

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The gas gensets market can also be segmented on the basis of geographical regions. North America is one of the rapidly growing regions for the gas gensets market. The market is dominated by the U.S. due to the tremendous growth in the production of natural gas and shale gas. The region has seen a steep decline in natural gas prices. Strong opportunity for growth exists in the next few years in the developing economies of Asia Pacific owing to the rapid globalization in countries such as Japan, China, and India. The poor distribution and management of power grids, leading to a rise in power outages, in developing economies is expected to continue to remain a major factor in boosting the demand for gas powered generators in Asia Pacific. Europe also accounts for a large share of the gas gensets market. Gas gensets are mainly used as standby power sources in the region. Major players operating in the gas gensets market are largely focusing on the developing economies for their immense market potential. Competition from diesel powered gensets is likely to be stiff due to their reliability and low maintenance cost, however the increasing use of eco-friendly fuels amid the growing restriction and regulations by governments, the global gas gensets market is expected to experience remarkable growth in the next eight years.

Major players operating in the gas gensets market include Caterpillar, General Electric Company, Cummins, Dresser-Rand, MTU Onsite Energy GmbH, Generac Power Systems, and Wartsila.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Marine Propulsion Engine Market Global Market Opportunity Assessment Study 2024.

Marine propulsion is the mechanism or system designed to generate a thrust to move marine objects such as ships or boats across the water. Many small boats operate through paddles and sails. However modern ships are propelled by carefully designed propulsion systems consisting of electric motors or engines driving the propeller. Most modern ships use reciprocating engines as their primary source of power owing to their simplicity in operation, robustness, and fuel efficiency as compared to their counterparts. Although reciprocating engines are widely used globally due to low cost and operation simplicity, the emissions remain a primary concern while using them. Furthermore, many vendors are focusing on the design and development of propulsion engines that run on alternate fuels and are compliant with the standard emission norms.

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The worldwide rise in international trade through water transportation, owing to its cost-effectiveness, has led to an increase in demand for commercial ships, which subsequently propel the demand for marine propulsion engines. In addition, due to the new trend in defense sector, many nations are focusing on sea based defense and maritime security. With the growth of global naval shipbuilding industry, the market for marine propulsion engines is estimated to expand rapidly.

The marine propulsion engine market can be segmented into various categories such as propulsion systems, power range, fuel type, application, and region. The propulsion system can be further segmented into two stroke engines, four stroke engines, diesel engines, and other engines. The power requirement of the ship depends on the operational usage, e.g. the passenger ship will require less power as compared to trade or naval ships. Furthermore, the marine propulsion engine can be categorized in terms of type of fuel used by the engine to produce power. Marine propulsion engines find application in commercial vessels, offshore support vessels, inland waterways vessels, and submarines, etc. The constant increase in demand for marine propulsion engines in such applications is projected to drive the global marine propulsion engine market over the next eight years.

Asia Pacific is anticipated to be the fastest growing market for marine propulsion engines in the next few years. This can be primarily ascribed to the increase in trade rate and rapid rise in export rate in the region, particularly in China, which has become a global hub for manufacturing operations. Thus, increasing export is driving the demand for more number of available ships for trade, thus causing a rise in the demand for more efficient marine propulsion systems. Furthermore, many developed as well as developing countries are focused on intensifying their sea defense by increasing firepower capacity. As more number of warships are being built by every nation in the world, the demand for marine propulsion engines is predicted to increase rapidly during the forecast period. Countries in regions such as South America, Africa, and the Middle East have been showing speedy economic growth since the last few years. In addition, developed economies such as the U.S. and European countries are showing steady economic growth after the economic crisis. These factors are ultimately generating a positive outlook for the overall trade dynamics. Rise in demand for marine propulsion engines in ships, boats, yacht, for transport of goods, fishing, entertainment, public safety, and warfare is expected to drive the global marine propulsion engine market over the next eight years.

Major players operating in the global marine propulsion engine market include Caterpillar, MAN Diesel & Turbo, Cummins, Rolls-Royce, Wärtsilä, Mitsubishi Heavy Industries, and Hyundai Heavy Industries.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Stainless Steel Round Bar Market to Rise; Development in Automotive Sector owing to Increasing Vehicle Production to Fuel Growth

A new market research report by Transparency Market Research, titled “Stainless Steel Round Bar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023,” provides an in-depth understanding of the global stainless steel round bar market. The key insights into the market presented by this study are useful for the established and upcoming vendors looking to penetrate in the market.

An analysis on the prime trends in the market has also been encapsulated in this study. The fundamental mandates and regulations seen in the market and the ways they will impact the market development have also been elaborated. In addition, the top strategies of the prime players and their respective shares in the market have been presented.

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In the beginning of the report, the introduction of the stainless steel round bar market has been presented. This section also encapsulates the definition and application areas of stainless steel round bars. Stainless steel round bars present excellent properties including toughness, fire resistance, high corrosion resistance, tensile strength, magnetism, and fire resistance, among others. They are extensively being utilized for manufacturing numerous products such as dairy equipment, anchor bolts, industrial nozzles and valves, machine and automotive shafts, food processing equipment, sanitary fittings and faucets, reinforcing bars, and a number of other hardware products.

As per the report, the increasing development of construction, oil and gas, aerospace, and mining industries is providing impetus to the development of the market. In addition, the exponential development of the automotive sector owing to the increasing vehicle production will positively impact the development of the stainless steel round bar market. On the other hand, the huge cost of nickel is a prime factor inhibiting the development of the market.

Geographically, the report categorizes the market into Asia Pacific, North America, Europe, the Middle East and Africa (MEA), and the Rest of the World (RoW). On the basis of demand and production, the Asia Pacific stainless steel round bar market held a significant share in 2014 and is predicted to maintain its dominance all through 2023. This is owing to the increasing population and expansion in the infrastructure of Asia Pacific countries. North America and Europe respectively, trailed Asia Pacific in 2014 due to the increasing industrialization and the booming automotive industry in these two regions. On the other hand, in the MEA, lucrative opportunities in the chemical and petrochemical industries will also fuel the growth of the stainless steel round bar market in this region.

As mentioned in this report, Allegheny Technologies Incorporated, Crucible Industries LLC, Garelick Steel Company, Dongbei Special Steel Group Co. Ltd., J. H. Stainless, ThyssenKrupp Steel Europe AG, Shri Bhagavati Bright Bars Limited, Tsingshan Holding Group Co. Ltd., Walsin Lihwa Corporation, and Valbruna Stainless Inc., among others, are the leading players in this market.

Structural Health Monitoring Market: Increasing Demand for Low-Cost Infrastructure Maintenance Globally to Drive Growth

A new market research report by Transparency Market Research, titled “Structural Health Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023”, presents an accurate and updated evaluation on the structural health monitoring market. The report is compiled by conducting both secondary and primary research. The study encapsulates information on each facet related to the market for structural health monitoring systems. The key contributions of the leading players in the market have also been presented in the report. It employs primary analysis tools such as SWOT analysis and Porter’s five forces analysis to present a clear understanding of the overall market.

The first part of the report talks about the importance of structural health monitoring systems. Structural health monitoring systems present accurate and real-time information about the conditions and performance of structures. This data further helps to design and plan the maintenance activities, hence decreasing the operating expenses, lowering uncertainty, and enhancing the overall safety of these structures.

As stated in the report, the increasing demand for low-cost infrastructure maintenance has fuelled the development of the global structural health monitoring market. In addition, the growing concerns on unpredictable natural calamities including earthquakes, volcanic eruptions, etc. have compelled governments to introduce numerous regulations in favor of structural health monitoring systems. This factor will also provide impetus to the development of the structural health monitoring market.

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On the other hand, the exorbitant prices of structural health monitoring systems are posing a negative impact on the development of the overall market. In addition, huge data management issues owing to shortage of experts for addressing operational and technical issues that may arise during system integration will inhibit the growth of this market.

Structural health monitoring systems can be of two types such as continuous monitoring systems and portable testing systems. By technology, the report segments the structural health monitoring systems into wireless and wired structural health monitoring systems. Of these, the segment of wireless systems have a huge demand in comparison to the segment of wired structural health monitoring systems. This is owing the increased convenience and ease provided by wireless structural health monitoring systems.

Geographically, the report categorizes the market into Asia Pacific, Europe, North America, and Rest of the World (RoW). Europe and North America offer immense opportunities for the growth of this market due to the increasing technological developments taking place in structural health monitoring systems in these two regions. On the other hand, the Asia Pacific structural health monitoring market is also poised to hold lucrative opportunities in the market owing to expansion in the construction sector of this region.

As per the report, the prominent players in the market are Geokon Incorporated, Digitexx Data Systems Inc., COWI A/S, Advitam, Acellent Technologies Inc., CTLGroup, and Exponent Inc., among others.

Non-ferrous and Platinum Group High Performance Alloys leading Path to Revenue at 4.2% CAGR.

High performance alloys are metal alloys comprising numerous alloying elements that are designed to perform under intense conditions such as elevated temperatures and pressures. High performance alloys are used in a wide range of applications. These include aircraft (aerospace), land-based gas turbines, rocket engines, and chemical and petroleum plants. High performance alloys are ideal for such applications because of their ability to retain most of their strength even after long exposure times (above 650°C (1,200°F)). They combine high strength with good low-temperature ductility and excellent surface stability.

Key products of high performance alloys can be segmented as non-ferrous alloys, platinum group metal alloys, refractory alloys and superalloys. Non-ferrous alloys were the largest product segment, accounting for 51.0% of the total market share in 2013. This was followed by superalloys. Non-ferrous alloys and superalloys are used in various applications. Non-ferrous alloys exhibit superior mechanical properties. As a result, they are used in widespread applications across several industries such as aerospace, gas turbines and oil & gas. This is expected to drive the market for non-ferrous alloys during the forecast period. Superalloys are characterized by high temperature strength, toughness, resistance to corrosive & oxidizing environment, and superior phase stability.

Aerospace was the largest segment, accounting for 56.9% of the total high performance alloys market in 2013 followed by industrial gas turbines and oil & gas. This trend is expected to continue during the forecast period. Asia Pacific, Latin America and African airlines companies are benefitting from the strong economic growth thus experiencing significant gains in traffic. Low cost carriers are expected to experience double-digit growth in developing countries. This, in turn, would boost the high performance alloys market in the region. Globalization is a growing factor in the Aerospace & Defense (A&D) industry. Commercial markets in Asia Pacific and defense markets in the Middle East are anticipated to open new avenues for the high performance alloys market. Additionally, industrial gas turbines is estimated to be the fastest growing application segment in the high performance alloys market.

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Global demand for high performance alloys stood at 1,110.7 kilo tons in 2013 and is projected to increase significantly over the next six years. Factors such as increasing demand for industrial gas turbines in power generation and growth in automotive and aerospace industries are likely to boost the high performance alloys market. Capital-intensive manufacturing due to high infrastructure cost and complex manufacturing process is expected to hamper demand for high performance alloys. High strength, lightweight high performance alloys are anticipated to open new growth avenues for the high performance alloys market.

In terms of demand, North America was the leading region in the high performance alloys market in 2013. This was followed by Europe. Asia Pacific is estimated to be the fastest growing regional market in terms of demand. Increasing demand from the automotive industry is driving the market in Europe. Countries in Europe such as Germany and the U.K. are the major consumers of high performance alloys market in the region. Demand for high performance alloys is projected to be significant in Rest of the World (RoW) in the near future. Latin America is one of the largest markets for high performance alloys in RoW. However, rising demand from industries such as oil & gas, electronic & electrical, chemical and medical is likely to drive the high performance alloys market. The Middle East is anticipated to offer higher opportunities for high performance alloys in the oil & gas industry in the near future.

Key players in the high performance alloys market include Allegheny Technologies Inc, Aperam, Carpenter Technology Corporation, RTI International Metals Inc, and VSMPO.

Non-ferrous and Platinum Group High Performance Alloys leading Path to Revenue at 4.2% CAGR.

High performance alloys are metal alloys comprising numerous alloying elements that are designed to perform under intense conditions such as elevated temperatures and pressures. High performance alloys are used in a wide range of applications. These include aircraft (aerospace), land-based gas turbines, rocket engines, and chemical and petroleum plants. High performance alloys are ideal for such applications because of their ability to retain most of their strength even after long exposure times (above 650°C (1,200°F)). They combine high strength with good low-temperature ductility and excellent surface stability.

Key products of high performance alloys can be segmented as non-ferrous alloys, platinum group metal alloys, refractory alloys and superalloys. Non-ferrous alloys were the largest product segment, accounting for 51.0% of the total market share in 2013. This was followed by superalloys. Non-ferrous alloys and superalloys are used in various applications. Non-ferrous alloys exhibit superior mechanical properties. As a result, they are used in widespread applications across several industries such as aerospace, gas turbines and oil & gas. This is expected to drive the market for non-ferrous alloys during the forecast period. Superalloys are characterized by high temperature strength, toughness, resistance to corrosive & oxidizing environment, and superior phase stability.

Aerospace was the largest segment, accounting for 56.9% of the total high performance alloys market in 2013 followed by industrial gas turbines and oil & gas. This trend is expected to continue during the forecast period. Asia Pacific, Latin America and African airlines companies are benefitting from the strong economic growth thus experiencing significant gains in traffic. Low cost carriers are expected to experience double-digit growth in developing countries. This, in turn, would boost the high performance alloys market in the region. Globalization is a growing factor in the Aerospace & Defense (A&D) industry. Commercial markets in Asia Pacific and defense markets in the Middle East are anticipated to open new avenues for the high performance alloys market. Additionally, industrial gas turbines is estimated to be the fastest growing application segment in the high performance alloys market.

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Global demand for high performance alloys stood at 1,110.7 kilo tons in 2013 and is projected to increase significantly over the next six years. Factors such as increasing demand for industrial gas turbines in power generation and growth in automotive and aerospace industries are likely to boost the high performance alloys market. Capital-intensive manufacturing due to high infrastructure cost and complex manufacturing process is expected to hamper demand for high performance alloys. High strength, lightweight high performance alloys are anticipated to open new growth avenues for the high performance alloys market.

In terms of demand, North America was the leading region in the high performance alloys market in 2013. This was followed by Europe. Asia Pacific is estimated to be the fastest growing regional market in terms of demand. Increasing demand from the automotive industry is driving the market in Europe. Countries in Europe such as Germany and the U.K. are the major consumers of high performance alloys market in the region. Demand for high performance alloys is projected to be significant in Rest of the World (RoW) in the near future. Latin America is one of the largest markets for high performance alloys in RoW. However, rising demand from industries such as oil & gas, electronic & electrical, chemical and medical is likely to drive the high performance alloys market. The Middle East is anticipated to offer higher opportunities for high performance alloys in the oil & gas industry in the near future.

Key players in the high performance alloys market include Allegheny Technologies Inc, Aperam, Carpenter Technology Corporation, RTI International Metals Inc, and VSMPO.

India Regenerative Uninterruptible Power Supply (UPS) Market to Reach US$163.11 mn by 2024 With Efforts Afoot to Address High Industrial Power Deficit

Transparency Market Research has released a new market report titled “India Regenerative Uninterruptible Power Supply Market - Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024”. According to this report, the regenerative uninterruptible power supply (UPS) market in India was valued at US$76.86 mn in 2015 and is projected to reach US$163.11 mn by 2024 at a CAGR of 8.7% from 2016 to 2024.

India is one of the fastest growing economies in the world. The manufacturing sector in India has been affected by lack of consistent power supply which has hampered the sector’s growth. Domestic industries are highly affected by inconsistent power supply resulting in damages, loss of power, and increased operational costs. Growing population and rising industrialization are likely to fuel the demand for energy in India. Constant power supply is a prerequisite for any industrial ecosystem to flourish. Indian companies are highly affected due to power shortage. Initiatives taken by the government focus on managing the demand for energy through innovative energy conservation measures.

Regenerative UPS units are becoming critical for energy conservation in a power deficit nation such as India. Regenerative UPS units provide an efficient approach toward energy conservation, facilitating smooth manufacturing activities. Regenerative UPS units use the regenerative load from braking action; this load is used for creating regulated power which is connected to machines generating regenerative load. This generates electricity providing uninterrupted power supply during power cuts. It allows smooth functioning of machines without damaging the machine. Regenerative UPS systems primarily comprise thyristors, insulated-gate bipolar transistor (IGBT) transistors, capacitors, inductors, and harmonic filters. Regenerative UPS units are generally installed in industries with rotating or moving applications, such as computer numerical controlled machines (CNC). When braking is applied to the rotating machine regenerative load is created which is fed back to the system for power generation.

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The regenerative UPS market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of product type, technology type (braking application), application, and geography. Based on product type, the market has been segmented into regenerative converter, sinusoidal PWM, and matrix converter. The regenerative converter segment held the largest share of 47.5% of the total market in 2014. In terms of technology type (braking application), the market has been segmented into spindle drives, decanter centrifuges, elevators, and others. Spindle drives accounted for the largest share of 46.3% of the regenerative UPS market in India, by technology, in 2014. By application, the regenerative UPS market in India is segmented into pharmaceutical industry, food & beverage industry, steel industries, oil & gas, mining industries, paper mills, and others.

Some of the key factors for increasing installations of regenerative UPS systems in India are growing industrial activities, high industrial power deficit, and rising awareness and growing adoption of these systems in the Micro Small and Medium Enterprises (MSME) sector. Regenerative UPS systems offer several benefits to operators such as safer and damage-free manufacturing, energy conservation, and reduction in operational costs.

The regenerative UPS market in India has been segmented as follows:

Regenerative Uninterruptible Power Supply Market: By Product

• Regenerative Converter
• Sinusoidal PWM
• Matrix Converter

Regenerative Uninterruptible Power Supply Market: By Technology

• Spindle Drives
• Decanter Centrifuges
• Elevators
• Others

Regenerative Uninterruptible Power Supply Market: By Application

• Pharmaceutical Industry
• Food & Beverage Industry
• Steel Industries
• Oil & Gas
• Mining Industries
• Paper Mills
• Others

Regenerative Uninterruptible Power Supply Market: By Region

• East Zone
• West Zone
• North Zone
• South Zone

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Nuclear Turbine Generator Market to be worth US$15.61 bn by 2020, Boosted by Growing demand for Clean, Reliable Energy

Transparency Market Research (TMR) has announced the addition of a new market study on the nuclear turbine generator market. The report is titled “Nuclear Turbine Generator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global nuclear turbine generator market is expected to be worth US$15.61 bn by 2020. It was valued at US$7.0 bn in 2013 and is expected to expand at a CAGR of 5.4% between 2014 and 2020.

Nuclear energy is a clean, reliable, safe, and competitive energy source. The power generated from nuclear energy is almost free of greenhouse gases. A nuclear generator works on the principle of heat exchange, wherein it converts water into steam by making use of the heat produced in the nuclear reactor. Nuclear power plants are base load power plants that generate power which can be depended upon to meet the consistent demand for energy. The need for clean, emission-free, and reliable power is fueling the demand for nuclear turbine generators. Factors such as the rising number of pressurized water reactor installations and a rise in the fossil fuel price are expected to boost the nuclear turbine generator market in the coming years. Environmental concerns will also drive the market.

The challenges faced by the global nuclear turbine generator market include stress corrosion cracking. Anti-nuclear energy policies and a negative opinion of the public regarding nuclear energy are some of the factors that hamper the growth of the nuclear turbine generator market across the globe. The negative image surrounding nuclear energy is also partly due to the Fukushima Daiichi nuclear disaster in Japan. However, Europe will show a huge scope in the nuclear turbine generator market, which is expected to accelerate the growth of the market.

The global nuclear turbine generator market is segmented on the basis of geography and product. On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Of these, Europe dominates the nuclear turbine generator market, followed by Asia Pacific and North America.

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High demand for nuclear turbine generators in Asia Pacific is majorly due to a large number of new installations in the region. The U.S accounts for the highest demand in North America but the market’s growth will be dampened due to declining gas priced from 2009, which is affecting the economic viability of the existing and new projects. Nevertheless, with consistent efforts from the U.S. government to speed up the approval process for new plant designs, there will be new opportunities for growth in North America.

Key participants in the global nuclear turbine generator market that are mentioned in the report include: Doosan Heavy Industries & Construction Co., Ltd., General Electric, Alstom Power, Toshiba Corporation, Mitsubishi Heavy Industries, Ltd. (MHI), Westinghouse Electric Company LLC, Bharat Heavy Electricals Limited (BHEL), The Babcock & Wilcox Company, OJSC Power Machines, and Hitachi, Ltd. A detailed analysis of each of these companies, the strategies implemented, the challenges faced, and their market share have been given in the report.

The global nuclear turbine generator market has been segmented as below:

Product

• Nuclear Turbine
• Nuclear Generator

Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Smart Gas Market to Rise at 32.2% CAGR from 2015 to 2023

Transparency Market Research has published a new market study, titled “Smart Gas Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.” The report says that the global smart gas market will rise at a stupendous 32.2% CAGR from 2015 to 2023. Due to this, the market will reach a valuation of US$10.5 bn by the end of 2023, increasing from US$0.9 bn in 2014.In this report, factors that affect the shift of the smart gas market from its current hub of North America to Europe and further east to the Middle East and Asia Pacific during the 2015-2023 period are analyzed in detail.

Smart gas meters are devices that enable two-way communication between energy providers, distributors, and energy consumers for updated information on gas consumption. Communication modules, flow control devices, data monitoring, gas warning devices, data logging and measurement, and software are the essential components that smart meters are made of.

Environmental mandates applicable at an international level for reducing carbon emissions are the major driver for the installation of smart gas meters worldwide. Other than this, the need to attain energy security across the residential, industrial, and commercial sectors is also significantly boosting the installation of these devices.

Smart gas meters are advantageous from a revenue consideration as well. Due to the availability of first-hand information about gas consumption, consumers can consume energy prudently, which helps in revenue generation in return.

End use, technology, and region are the criteria based on which the smart gas market is analyzed in this report. By technology, the meter data management segment was ahead of all other segments in 2014 with a share of almost 60% in the global market. On the basis of end use, global estimates reveal that residential consumers accounted for a share of almost 75% in the global market in 2014. The remaining 25% of the market was collectively held by commercial and industrial consumers. An increasing number of incentives and subsidies for the installation of smart meters in residential buildings is the reason for the large market share of the residential end-use segment.

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In 2014, North America was the leading regional market and accounted for a share of 64% in the global market. This was followed by Europe, wherein regulatory mandates for reducing carbon emissions are the major factor driving this regional market. In 2014, Asia Pacific stood as the third largest market for smart gas. Although the Middle East and Africa exhibited slow growth, environmental regulatory stipulations will boost the installation of smart gas meters in the region in the foreseeable future.

Currently, the smart gas market in South and Central America is exhibiting slow growth. However, initiatives taken by the government to prevent energy theft will benefit the smart gas market in the region. In this regard, the Brazilian government is rolling out smart gas meters to help achieve revenue gains.

The smart gas market has been segmented as follows:

Smart Gas Market: By Device Type (USD Million)

• Traditional Metering System
• Gas Warning Device
• AMI Communication Module

Smart Gas Market: By Technology (USD Million)

• Meter Data Management (MDM)
• Supervisory Control and Data Acquisition (SCADA)
• Geographic Information System (GIS)
• Others

Smart Gas Market: By End-user (USD Million)

• Residential
• Commercial and Industrial

Smart Gas Market: By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• France
• Italy
• U.K.
• Rest of Europe

Asia Pacific

• China
• Japan
• South Korea
• Rest of Asia Pacific

Middle East and Africa

• South Africa
• Rest of Middle East and Africa

South and Central America

• Brazil
• Rest of South and Central America

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Plastic Recycling Market Driven by Policies Aimed at Minimizing Adverse Environmental Impact of Plastic

The global market for plastic recycling has been examined in a detailed market research report by Transparency Market Research. The report, titled “Plastic Recycling Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecast 2016 – 2023,” gives a detailed account of the current state of the market, presents qualitative and quantitative data pertaining to major trends of the past years, and presents a professionally sound forecast for the overall state of development of the global plastic recycling market over the report’s forecast period.

The report presents an overview of the projected impact of the several growth drivers, challenges, and prevailing trends on market’s future development. The report states that the advancements in recycling technologies have led to a significant rise in the applications of recycled plastic in the global market.

The report states that factors such as the availability of clean feedstock, rising consumer awareness regarding products with recycled substances, and stringent regulations related to recycling of a variety of materials across several economies are some of the major factors that will bolster the global plastic recycling market over the report’s forecast period. The market is expected to be restrained to a certain extent owing to challenges involved in recycling mixed plastic waste and the collection of recyclable plastics.

The plastic recycling market can be segmented into the major types of plastics commercially produced: thermoplastic polymers and thermoset plastics. Other than these two prominent types of plastics, polyhydroxyalkanoates (PHA) and Polylactic acid (PLA), the plastics derived from corn have started taking the place of hydrocarbon-derived thermoplastics in a variety of applications. The cleaner form of these plastics as compared to the traditional hydrocarbon-derived plastics makes them more viable for recycling, and are expected to significantly impact the overall development of the global plastic recycling market in the next few years.

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From a geographic viewpoint, the global plastic recycling market can be segmented on the basis of imports and exports of plastic waste. Countries such as the USA, China, the Netherlands, the U.K, Germany, Japan, and Belgium are the primary importers and exporters of plastic waste across the globe. Of these, China is the largest importer as well as exporter for waste plastics.

The report also presents a comprehensive scenario of the competitive landscape of the global plastic recycling market with the help of SWOT analysis, new project feasibility analysis, finance-related data (where available), and business profiles of some of the major vendors operating in the market. Some of the major companies in the market profiled in the report are PARC Corporation, B & B plastics incorporation, B. Schoenberg & Corporation, APC Recycling, Omni Resource Recovery, Coll Materials/Nicos Polymers, Custom Polymers Incorporation, Norwich Plastics, United Plastic Recycling, NAM Polymers, and Maine Plastics Incorporation.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Oil Shale Market to Reach US$7.4 bn by 2022 due to Rapid Industrialization

Transparency Market Research has published a comprehensive research report that discusses the operational functionalities of the global oil shale market. This research report, titled “Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” offers an in-depth understanding of the key elements influencing the global oil and shale market. The report uses SWOT analysis to shed light on the strengths, the weaknesses, the opportunities, and the threats, along with using a Porter’s five forces analysis for identifying the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

According to the research report, the global oil shale market was valued at US$1.1 bn in 2013 and is expected to reach US$7.4 bn by 2022, registering an impressive CAGR of 27.34% from 2014 to 2022. The research report also states that the revenue from electricity and upgraded and non-upgraded products of the global oil shale market stood at close to US$2.1 bn in 2013 and is expected to reach US$11.9 bn by 2022, rising at a whopping CAGR of 23.4% from 2014 to 2022.

The unstoppable industrialization and surge in the global population have led to a huge demand for fossil fuels. This has boosted the demand for oil shale, which has high kerogen levels and hence holds a huge potential to satiate the demand for energy in the coming years. The growing usage of oil shale for the production of electricity and shale oil is helping nations across the globe secure their energy mix. Furthermore, exploration, extraction, and other activities related to oil shale have also created several employment opportunities, thereby helping the economy and the society.

The global oil shale market has been segmented on the basis of process, application, and region. On the basis of process, the global oil shale market is segmented into in-situ and ex-situ. On the basis of application, this market is segmented into upgraded, non-upgraded, and electricity. Geographically, this market is segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America.

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Currently, China is leading the production of shale oil from oil shale. This is attributable to a large number of Fushun retorts that are engaged in processing oil shale to produce shale oil. Analysts predict that Australia is also likely to start production of shale oil, which will augment the overall production in the Asia Pacific region.

Some of the top players in the global oil shale market are Eesti Energia AS, BNK Petroleum Inc., Red Leaf Resources Inc., Fushun Mining Group Co., Ltd., Jordan Oil Shale Company B.V., Chevron Corporation, Questerre Energy Corporation, Viru Keemia Grupp Queensland Energy Resources Ltd, ExxonMobil Corporation, and Global Oil Shale Group Limited. The research report offers an insight into the competitive landscape of the global oil shale market by analyzing the financial overview, research and development activities, business and marketing strategies, strategic mergers and acquisitions, and product portfolio of the top players.

The global oil shale market is segmented as follows:

Global Oil Shale Market: Process Analysis

• In-Situ
• Ex-Situ

Global Oil Shale Market: Application Analysis

• Electricity
• Non-upgraded
• Upgraded

Global Oil Shale Market: Regional Analysis

North America

U.S.

Europe

Estonia

Asia Pacific

China

Australia

Middle East & Africa

Jordan

Morocco

Latin America

Brazil

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr.Sudip S

90 State Street, Suite 700

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Wood Pellets Market Segment Forecasts up to 2023

Transparency Market Research, in a report titled “Wood Pellets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the value of the global wood pellets market is projected to rise from US$6.2 bn in 2014 to US$20 bn in 2023. If these values hold true, the report states that the market will register a 14.10% CAGR therein.

The report, with the help of the Porter’s five forces model, sheds light on the wood pellets industry chain. It evaluates the bargaining power of buyers and suppliers, the threat of substitutes and new entrants, and the rivalry among key competitors. The report also analyzes the value chain of the wood pellets market.The global wood pellets market is fueled by the rise in financial incentives provided by various federal agencies, the presence of favorable government agreements and policies, and the low cost and long-term supply of wood pellets. The fact that wood pellets offer an environmental advantage over conventional fuels also presents lucrative opportunities for players within the market. On the flip side, the release of flue gas during the storage of wood pellets is anticipated to hamper the development of the global market.

On the basis of application, the wood pellets market is bifurcated into heating and power plants. Accounting for a massive 70% share in 2014, the heating application segment led the overall market in terms of revenue and is anticipated to retain its lead throughout the forecast period. Wood pellets are used for district, industrial, and residential heating. In 2014, power plants used almost 800,000 tons of wood pellets.The global wood pellets market is segmented on the basis of geography into Europe, Asia Pacific, North America, Central and South America, and the Middle East and Africa. Led by the UK, Europe held the largest share in the overall wood pellets market in 2014. The market in this region is fueled by the significant support from the government in the form of incentives for the generation of green energy. Strict emission norms have also propelled the North America wood pellets market. The international trade of wood pellets is strongly driven by the high energy density of wood pellets and their easy availability in the developed markets of Europe and North America.

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Enviva LP, Wood Pellet Energy (UK) LTD., The Westervelt Company, Allance Pellet Machinery, Rentech, Inc., F.E. Wood & Sons, Enito Singpellet Pte Ltd, Pinnacle Renewable Energy Group, Andritz AG, German Pellets GmbH, Drax Group plc, Georgia Biomass, LLC, and Energex are some of the notable participants within the global wood pellets market. These players are profiled in the research report based on attributes such as company overview, business strategies, financial performance, and recent developments.

Global Wood Pellets Market, by Application

• Power Plants
• Heating

Global Wood Pellets Market, by Region

North America

• U.S.
• Canada

Europe

• U.K.
• Italy
• Sweden
• Denmark
• Germany
• Rest of Europe

Asia Pacific

• China
• Japan
• South Korea
• Rest of Asia Pacific

Middle East and Africa (MEA)

• South Africa
• Rest of MEA

Central and South America (CSA)

• Brazil
• Rest of CSA

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr.Sudip S

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

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Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com